How to Create Vendors to Receive Form 1099-MISC in QuickBooks Desktop
In this tutorial, we will learn how to create vendors to receive Form 1099-MISC in QuickBooks Desktop.
Step by Step Processto set up vendors to receive Form 1099-MISC in QuickBooks Desktop:
Select Vendors > Vendor Center.
Right click on a vendor’s name and then select Edit Vendor.
- Select the Address Info tab and validate the data.
- Ensure the Address field includes the appropriate two-letter state abbreviation and the correct postal code.
- In case the vendor is a person, the vendor’s legal name should display in the First Name, M.I., and Last Name fields.
- In case you know the company name but not the person’s name, leave the Company Name field blank to prevent double names from appearing on the 1099-MISC form.
Choose the Tax Settings tab.
Tick mark the Vendor eligible for 1099.
Input the vendor’s tax identification number in the Vendor Tax ID field. Select OK.
Repeat steps 2 through 6 for each 1099-eligible vendor.